Stocks markets in the Gulf ended higher on Monday, after upbeat China manufacturing data raised optimism about demand in the world's second largest economy.
China's manufacturing activity expanded at the fastest pace in 13 months in March, with business confidence hitting an 11-month high, a private survey showed on Monday.
The upbeat survey followed better-than-expected export and retail sales data, suggesting a bright start to the year for China.
Dubai's benchmark index (.DFMGI), opens new tab was up for a third consecutive session and ended 0.4% higher, lifted by gains in real estate, consumer staples and industry sectors.
The blue-chip developer Emaar Properties (EMAR.DU), opens new tab and its unit Emaar Development (EMAARDEV.DU), opens new tab climbed 2.5% and 2.4% respectively while Union Properties (UPRO.DU), opens new tab soared 8.1%.
In Abu Dhabi, the benchmark index (.FTFADGI), opens new tab gained 0.2%, snapping a five session losing-streak, helped by a 1.4% rise in conglomerate Alpha Dhabi Holding (ALPHADHABI.AD), opens new tab and a 1.5% increase in Abu Dhabi Islamic Bank (ADIB.AD), opens new tab.
Among other gainers, First Abu Dhabi Bank (FAB.AD), opens new tab, the UAE's biggest lender and Abu Dhabi National Energy (TAQA.AD), opens new tab, the country's largest utility firm added 1.7% each.
The Qatari benchmark index (.QSI), opens new tab rose 0.2%, after a fifth straight session of losses, supported by gains in finance, utilities and materials sectors with Qatar Islamic Bank (QISB.QA), opens new tab rising 1.5% and Industries Qatar (IQCD.QA), opens new tab adding 1.3%.
Saudi Arabia's benchmark index (.TASI), opens new tab was up 0.2% after two consecutive session of losses with ACWA Power (2082.SE), opens new tab rising 7% and Sahara International (2310.SE), opens new tab gaining 5.1%.
However, Al Rajhi Bank (1120.SE), opens new tab, the world's largest Islamic lender shed 1% and Saudi National Bank (1180.SE), opens new tab, the kingdom's largest lender slipped 1.2%.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab ended fourth straight session of losses and surged 5.3%, the highest intraday rise in nearly one year with almost all stocks posting gains.
Commercial International Bank (COMI.CA), opens new tab and Talaat Mostafa Group (TMGH.CA), opens new tab climbed 6.5% and 6% respectively, while E-Finance for Digital(EFIH.CA), opens new tab surged 11.8%.
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